Ariba Recognized for Driving Excellence in the Cloud
Jul 17th 2013 9:00AM
Updated Jul 17th 2013 9:02AM
Ariba Recognized for Driving Excellence in the Cloud
Company named to 2013 Supply & Demand Chain Executive Top 100for helping businesses achieve new levels of performance and productivity through cloud-based applications and business network
SUNNYVALE, Calif.--(BUSINESS WIRE)-- For the eighth straight year, Ariba, an SAP company, has been named to the Supply & Demand Chain Executive Top 100 - this time for helping companies achieve excellence in the cloud through its applications and business network. Focused on "100 Great Supply Chain Projects," this year's awards highlight initiatives that deliver bottom-line value to small, medium and large enterprises across a range of supply chain functions. Ariba was recognized for helping Mediafly, a Chicago-based company that delivers an enterprise mobility platform enabling Fortune 500 companies to transform their data and content into compelling mobile experiences, to more efficiently manage its working capital and fuel innovation and growth.
"Our goal with this year's '100' was to put the spotlight on successful and innovative transformation projects that demonstrate the broad spectrum of opportunities for enabling excellence in the supply chain," said Barry Hochfelder, Editor of Supply & Demand Chain Executive. "The work that Ariba has done to help companies like Mediafly serves as a roadmap for supply chain executives looking to drive improvement in their own operations, and we are pleased to recognize their efforts as part of the 2013 Supply & Demand Chain Executive 100."
In today's uncertain economy, cash is tough to come by. Particularly for startup ventures. But using the invoice and payment solutions delivered on the Ariba® Network. Mediafly was able to access to the capital it needed to support its operations and drive growth.
When one of its clients requested that transactions be done on the Ariba Network, Mediafly began sending all of its invoices electronically. "We went from quote to settlement in 14 days instead 30 and 90," says John Evarts, the company's Chief Operating Officer and Chief Financial Officer.
And by taking advantage of a dynamic discounting program that the customer offered via the Ariba Network, Mediafly was able to tap into cash needed to take its operations to the next level.
"For a few basis points, we got quicker access to the capital we needed to hire developers and get to the next set of features in our products, which accelerated revenue and ultimately generated cash," Evarts added.
Online social networks have upended the consumer world by connecting people and information in new ways. And as Ariba and Mediafly demonstrate, business networks are driving a similar transformation in the corporate realm.
"By leveraging Ariba's cloud-based applications and network to more efficiently engage with trading partners, companies like Mediafly are forging a new, more social and connected way of operating that is redefining the way business is done," said Rachel Spasser, Senior Vice President, Marketing, Ariba.
More than 1 million companies in 190 countries are connected to the Ariba Network and using it to deliver game-changing gains in productivity, collaboration and agility across the entire value chain of suppliers, partners and customers. To learn more about the network and the value it can deliver, visit http://www.ariba.com/community/the-ariba-network.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web: www.SDCExec.com.
About Ariba, an SAP Company
Ariba is the world's business commerce network. Ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. Using the Ariba® Network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. Companies around the world use the AribaNetwork to simplify inter-enterprise commerce and enhance the results that they deliver. Join them at: www.ariba.com
As market leader in enterprise application software, SAP (NYS: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 238,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
Mediafly is a Mobile Apps as a Service (MAaaS) provider based in Chicago, IL. Incorporated since 2006, Mediafly enables the world's most admired companies to bridge the gap between their compelling content and the diverging range of mobile devices. Mediafly's enterprise mobility platform transforms data and content into compelling mobile experiences and enables companies to elevate their business interactions. For more information, visit: www.mediafly.com.
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